HINT Newsletter

EU

According to the recent verdict of a German court, German patients wishing to have dental care abroad will only need a price offer and preliminary approval from the health insurance to access foreign services.

Hungary is expected to make a foreign currency bond issue - its first since June of 2008 - earlier than the autumn, as originally planned, Finance Minister Péter Oszkó said in a television interview on 14, July.

The Government has extended the deadline period for granting a higher rate of advance payment, which applicants, who won funding within the framework of the New Hungary Development Plan are eligible to request.

The European Bank for Reconstruction and Development (EBRD) is providing a EUR 200 million subordinated loan to OTP Bank on market terms and will buy EUR 20 million in OTP treasury shares, OTP Bank announced on July 10.

Passports that also contain the fingerprint of the holder are now being issued in Hungary from 28 June 2009, as a result of a European Union-funded project supporting the creation and introduction of second generation biometric passports.